Pillar 3b is the unrestricted pension provision consisting of savings, bank accounts, life insurances, securities, property etc. It is open to all residents of Switzerland. Unlike pillar 3a, pillar 3b does not provide any tax privileges. For example, amounts paid into pillar 3b products cannot be deducted from tax. However, the unrestricted pension provision is not subject to the strict legal regulations of the pillar 3a. Generall, depending on the duration of the product, the assets are freely available.